RIO DE JANEIRO, BRAZIL – Brazilian crude oil exports reached 5.88 million tons in June, down 27.7% from last year. This is according to data released yesterday (1) by the Secretariat of Foreign Trade (Secex) when the industry is expanding its refineries in the country to address supply concerns.
However, revenues from shipments declined to a lesser extent, amounting to US$3.63 billion, down 2.94% from June last year, as fossil fuel prices rose in the international market.
The war between Russia and Ukraine has pushed up external oil prices and led to a tightening of global fuel supplies, as Russia is one of the world’s main suppliers and is suffering from Western sanctions.
In Brazil, refined oil volumes rose 13.4% between January and May, according to ANP (National Agency for Petroleum, Natural Gas and Biofuels) data released this week, to cope with the problematic scenario.
According to the federal government’s survey, sugar exports also fell 14.34% year-on-year to 2.36 million tons in June but represented an improvement from May, when the country shipped 1.58 million tons, as sugar cane pressing for the 2022/23 crop began in April.
On a positive note, green coffee shipments in June increased by 3.77% to 180.87 thousand tons (3.01 million 60-kg bags), despite a delay in the national harvest.
It should be recalled that in May the Council of Coffee Exporters (Cecafé) noted signs of a “slight” improvement in logistical conditions for the external sale of the product, which could contribute to an increase in exports.
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